Golden Shield Resources (GSRI.C) announced last week it was aiming to recommence drilling at the Mazoa Hill deposit (part of the Marudi project). The Phase II drill program will be relatively small as the company plans to complete 2,000 meters of drilling in six or seven holes.
The location of the new holes was designed to increase the understanding of the mineralized zones in the previous round of drilling where one of the holes encountered 50 meters containing 9.1 g/t gold. Some of the Phase I drill results were unexpected and the company’s technical team had to reinterpret portions of the mineralized system and the additional 2,000 meters of drilling will help to further improve the understanding of the mineralized system.
While drilling at Mazoa Hill has restarted, Golden Shield is still waiting for the assay results from the six hole Toucan Creek drill program and we hope to see those results in the near future.
Disclosure: The author has a long position in Golden Shield. Please read our disclaimer.
